Websea has completed the on-chain burning of WBS in June 2025, significantly reducing the supply and increasing the value of the foundational currency.
MAIN CONTENT
WBS has burned over 2 million Tokens in June, bringing the total burned amount to over 61.5 million.
The current price of WBS is 1.07 USD with a burning value exceeding 2.23 million USD.
Websea uses 10% of the platform fee to buy back and burn Tokens to reduce the supply from 300 million to 100 million WBS.
How has the on-chain burning process of WBS been carried out?
Websea officially completed the on-chain burning with a total of 2,084,965.31 WBS in June 2025, increasing by 220,362 Tokens compared to the previous month. This is a move to reduce the circulating supply, demonstrating experience in managing foundational Tokens.
This data is officially announced by Websea, demonstrating a commitment to transparency and systematic supply control.
What is the value and impact of burning Tokens on WBS?
With the current price of 1.07 USD/Token, the value of the burned Tokens exceeds 2.23 million USD. The burning of over 61.5 million Tokens to date has helped narrow the supply and increase scarcity.
Using a portion of the platform fee to buy back and burn Tokens not only stabilizes the price but also reinforces investor confidence, protecting long-term value for the ecosystem.
Quoted from the CEO of Websea, July 2025
What is Websea's long-term strategy for managing WBS supply?
Websea will continue to use 10% of the monthly platform fee to buy back and burn WBS until the total supply decreases from 300 million to 100 million Tokens. This demonstrates high expertise in Token management and sustainable development orientation.
This strategy is a testament to the long-term vision, helping to balance liquidity and the value of WBS in the competitive cryptocurrency market.
Comparison table of WBS Token burning data over recent months
Month Number of WBS burned (Tokens) Price of WBS (USD) Burning value (USD) May 2025 1,864,603 1.03 1,920,541 USD June 2025 2,084,965 1.07 2,230,562 USD
Frequently Asked Questions
What impact does burning WBS Tokens have on long-term value? Burning Tokens helps reduce supply, creates upward price pressure, and enhances investor confidence according to Websea's financial report for 2025. What source of fees does Websea use to buy back WBS? 10% of the monthly platform fee is allocated to buy back WBS, ensuring sustainability and efficiency in managing digital assets. How many Tokens will the total supply of WBS be reduced to? The ultimate goal is to reduce the total supply from 300 million to 100 million Tokens to stabilize the market. Is the Token burning done on-chain or off-chain? The burning transaction of WBS is conducted directly on-chain, ensuring transparency and safety according to Websea's official announcement. What is the current price of WBS? The price of WBS is recorded at 1.07 USD/Token as of July 2025, an increase from the previous month.
Source: https://tintucbitcoin.com/wbs-websea-huy-223-trieu-usd-token/
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